Bubbles update

Courtesy of Fumiko (doraemon), via Wikipedia.

Futher to my May post on bubbles, Jim Chanos is still a strong China Bear [businessspectator.com.au]. There are plenty who don't agree, like Aussie journalist Michael Pascoe, who paints markedly different China picture in his recent SMH piece.

With the Aussie dollar approaching parity with the Greenback, I really don't know who's right in this debate anymore. But it sure is a fascinating ride!